KuberGrow Team Nashik-based data center and cloud computing company ESDS Software is poised to witness the next phase in its growth saga. The company will file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) this week that will allow it to issue an initial public offering (IPO) of up to ₹700 crore.
The problem, according to insiders privy to developments, is set to be a new issue, i.e., funds raised would flow directly to the company and not existing investors investing their stock. The capital would be used in scaling up the business, upgrading technology, and consolidating ESDS Software’s grip on India’s growing cloud and data center real estate.
ESDS Software was established in the year 2005. It is a reliable company for cloud computing, managed services, and data center solutions in India. Leveraging state-of-the-art tier-III data centers, the company offers various cloud-based solutions that have been specially designed to address the unique needs of businesses, government organizations, and institutions. ESDS has become a brand name representing innovation, reliability, and customer-centric services by enabling organizations to migrate seamlessly into the digital era.
IPO precedes India’s cloud market expansion at a rapid clip after digital adoption expansion at a higher clip, data localisation regulations, and the launch of AI-powered cloud solutions. Embracing the wave after high-growing demand for high-quality, scalable, and secure cloud solutions, ESDS Software aims to join the ride with fresh capital and enhance its data centre, R&D, and cloud service capabilities.
Market analysts and investors are closely watching the open market listing plans of ESDS Software, and success in the IPO will pave way for further investment in Indian data center and cloud space. As soon as the DRHP is being filed, SEBI will be scrutinizing the financials of the company, the business model, and the compliance with regulations before approving to open the IPO.
As the company prepares to list on the stock exchange, market analysts predict strong interest from institutional and retail investors too, given the established market presence of ESDS Software and the long-term growth potential of the Indian cloud business.
